Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: nihil who wrote (78242)	4/9/1999 1:41:00 PM
From: Paul Fiondella	Read Replies (1) \| Respond to of 186894

Please--- central planning could never work properly in the SU with or withhold any great theoretical contribution. Most capital investment decisions in teh Soviet Union were made from above and the center without any empirical data and were made by political hacks to increase their political power within the Soviet system. I once visited a major industrial company in Russia that did not have any way to determine what it cost them to produce goods. Capital was so short in supply that they used 60% of their work force to repair equipment. ================= If you think putting money into the hands of Moscow's mayor and mafia front man is going to help Russia be friendly then contemplate what happened to the money the IMF supplied Russia last Summer. Direct investment in Russian industry would be good for the economy, but it will never reach industry if it goes through the privatization nominklatura mafia.